NOT LISTED FOR SALE

Estimated Value: $360,925 - $687,000

Studio
-- Bath
3,050 Sq Ft
$185/Sq Ft Est. Value

Last Sold April 17, 2015

Last sale price $168,800 $55 Per Sq Ft

Est. 249% increase in value since last sale

Current estimated payment $3,133/month

50 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of April 2015

4 PLEX IN NE PHOENIX AREA. ALL 2 BEDROOM UNITS, 1 BATH. RECENTLY PAINTED AND SOME UNITS HAVE NEWER FIXTURES AND CABINETS. PARKING IN THE BACK. EACH UNIT HAS A SMALL PATIO THAT IS FENCED.

Last Agent to Sell the Property

Scott Dexter

RE/MAX Fine Properties License #SA040548000 Listed on: 01/22/2015

Co-Listed By

Annette Wyatt

RE/MAX Fine Properties License #SA519003000

Last Buyer's Agent

Bill Scheidt

PMI East Valley License #BR649356000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $830

Year Built

  • Built in 1984

Lot Details

  • 9,888

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Paved Parking

Schools

  • Palomino Primary Elementary School
  • Greenway Middle School
  • North Canyon High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for water
  • Tax Lot 3
  • Assessor Parcel Number 214-40-178

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Andrea Villas Subdivision

Building Details

  • Operating Expense $13,086
  • Gross Income $12,000
  • Net Operating Income $12,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$830

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: CAVE CREEK AND PARADISE LANE
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MM
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1200.0
  • Co List Office Mls Id: rmfp03
  • Co List Office Phone: 480-792-9500
  • Subdivision Name: ANDREA VILLAS
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Paved Parking, <1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Paved Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 58.0
  • Trash Expense: 1200.0

Schools

  • Elementary School: Palomino Primary School
  • High School: North Canyon High School
  • Junior High Dist: Paradise Valley Unified District
  • Middle Or Junior School: Greenway Middle School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 214-40-178

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 12000.0
  • Maintenance Expense: 1173.0
  • Property Net Operating Income: 12000.0
  • Annual Operating Expense: 13085.86
  • Vacancy Allowance Rate: 0.5

Tax Info

  • Tax Annual Amount: 829.86
  • Tax Book Number: 214.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2015
Sold by
Heyns Leon George and Heyns Kelly L
Bought by
Nexus Journeys Llc
Current Estimated Value
$588,304

Purchase Details

Listed on
Jan 22, 2015
Closed on
Apr 9, 2015
Sold by
Quinn Ted
Bought by
Heyns Leon George and Heyns Kelly L
Seller's Agent
Scott Dexter
RE/MAX Fine Properties
Buyer's Agent
Bill Scheidt
PMI East Valley
List Price
$179,000
Sold Price
$168,800
Premium/Discount to List
-$10,200
-5.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.85%
Original Mortgage
$118,160
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 27, 2012
Closed on
Dec 3, 2012
Sold by
Quinn Nora Leticia
Bought by
Quinn Ted
Seller's Agent
David Jenkins
My Home Group Real Estate
Buyer's Agent
Annette Wyatt
RE/MAX Fine Properties
List Price
$149,500
Sold Price
$130,000
Premium/Discount to List
-$19,500
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.65%

Purchase Details

Listed on
Aug 27, 2012
Closed on
Nov 20, 2012
Sold by
Belsito Steve and Belsito Cheyenne
Bought by
Quinn Ted
Seller's Agent
David Jenkins
My Home Group Real Estate
Buyer's Agent
Annette Wyatt
RE/MAX Fine Properties
List Price
$149,500
Sold Price
$130,000
Premium/Discount to List
-$19,500
-13.04%

Purchase Details

Closed on
Aug 28, 2009
Sold by
Aurora Loan Services Llc
Bought by
Belsito Steve and Belsito Cheyenne

Purchase Details

Closed on
Dec 30, 2008
Sold by
Han Jung Ha and Han Christina
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Sep 4, 2008
Sold by
Han Jung Ha and Han Christina
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Jan 4, 2008
Sold by
Rucker Ryan
Bought by
Han Jung Ha and Han Christina B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,000
Interest Rate
11.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2007
Sold by
Camarena Miguel Angel
Bought by
Rucker Ryan

Purchase Details

Closed on
Mar 13, 2007
Sold by
Camarena Brigida L
Bought by
Camarena Miguel Angel

Purchase Details

Closed on
Feb 22, 2006
Sold by
Tarin & Julian Properties Llc and Camarena Miguel
Bought by
Camarena Brigida

Purchase Details

Closed on
Dec 30, 2004
Sold by
Comorene Miguel and Comorene Brigida L
Bought by
Tarin & Julian Properties Llc

Purchase Details

Closed on
Oct 21, 2003
Sold by
Jordan Janet S
Bought by
Camarena Miguel and Camarena Brigida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
7.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2002
Sold by
Zobler Erich
Bought by
Jordan Janet S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2002
Sold by
Allen Theodore O and Allen Thodore O
Bought by
Zobler Erich

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,200
Interest Rate
7.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2000
Sold by
Kafka Richard J and Kafka Lisa A
Bought by
Allen Theodore O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
7.82%

Purchase Details

Closed on
Nov 13, 1998
Sold by
Olar Calin and Olar Monica
Bought by
Kafka Richard J and Kafka Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,200
Interest Rate
6.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 5, 1997
Sold by
Klasik Rock Investments Llc
Bought by
Olar Calin and Olar Monica

Purchase Details

Closed on
Nov 21, 1996
Sold by
Hud
Bought by
Klasik Rock Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.58%

Purchase Details

Closed on
Mar 26, 1996
Sold by
Accubanc Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Oct 30, 1995
Sold by
Lovetro Gary A and Lovetro Krista K
Bought by
Accubanc Mtg Corp
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nexus Journeys Llc -- None Available
Heyns Leon George $168,800 Greystone Title Agency
Quinn Ted -- Sterling Title Agency Llc
Quinn Ted $130,000 Sterling Title Agency Llc
Belsito Steve $84,900 Security Title Agency
Aurora Loan Services Llc $104,490 None Available
Aurora Loan Services Llc $242,910 Accommodation
Han Jung Ha $340,000 Stewart Title & Trust Of Pho
Rucker Ryan $275,413 Stewart Title & Trust Of Pho
Camarena Miguel Angel -- None Available
Camarena Brigida -- None Available
Tarin & Julian Properties Llc -- --
Camarena Miguel $240,000 Transnation Title Ins Co
Jordan Janet S $210,000 Transnation Title Insurance
Zobler Erich $194,000 First American Title
Allen Theodore O $155,000 American Title Insurance
Kafka Richard J $108,000 Old Republic Title Agency
Olar Calin -- Grand Canyon Title Agency In
Klasik Rock Investments Llc -- First Southwestern Title
Hud -- Grand Canyon Title
Accubanc Mtg Corp -- Grand Canyon Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Heyns Leon George $118,160
Previous Owner Han Jung Ha $289,000
Previous Owner Camarena Miguel $192,000
Previous Owner Jordan Janet S $189,000
Previous Owner Zobler Erich $155,200
Previous Owner Allen Theodore O $139,500
Previous Owner Kafka Richard J $97,200
Previous Owner Klasik Rock Investments Llc $70,000
Closed Zobler Erich $38,800
Closed Camarena Miguel $36,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/17/2015 04/17/15 Sold $168,800 -5.7% $55 / Sq Ft
03/13/2015 03/13/15 Pending -- -- --
01/22/2015 01/22/15 For Sale $179,000 +37.7% $59 / Sq Ft
12/04/2012 12/04/12 Sold $130,000 -13.0% $43 / Sq Ft View Prior Sale
11/21/2012 11/21/12 Pending -- -- --
08/27/2012 08/27/12 For Sale $149,500 -- $49 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,042 $10,193 -- --
2024 $993 $9,708 -- --
2023 $993 $43,830 $8,760 $35,070
2022 $984 $31,210 $6,240 $24,970
2021 $986 $25,370 $5,070 $20,300
2020 $956 $22,220 $4,440 $17,780
2019 $957 $18,020 $3,600 $14,420
2018 $926 $17,310 $3,460 $13,850
2017 $887 $14,750 $2,950 $11,800
2016 $873 $13,460 $2,690 $10,770
2015 $808 $11,220 $2,240 $8,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5226205

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-178